The EU will gradually and effectively stop the import of Russian gas and oil by the end of 2027, under a legislative proposal put forward by the European Commission today. This will end the EU’s exposure to market and economic security risks due to dependency on Russian fossil fuels, and ultimately boost the Union’s energy […]
A Spanish government investigation has blamed both the grid operator, Red Eléctrica, and energy companies for the catastrophic blackout across the Iberian Peninsula, saying the April outage was caused by a combination of “poor planning” and power plant failures, according to the Financial Times. Announcing the findings of a 49-day investigation, Sara Aagesen, Spain’s energy […]
With this new wave of renewables, the Danes from Vestas are starting to win contracts again for the delivery of new wind turbines for projects in Romania, and our country is becoming increasingly important for the group, given that all activities in 15 markets are now coordinated from Romania. Could we also have a Vestas […]
ENGIE Romania has completed the construction and commissioning of the sixth photovoltaic park in its portfolio, located in the commune of Ariceștii Rahtivani, Prahova County, according to a press release. “With an installed capacity of 37.2 MWp, this project marks a new important step in expanding renewable energy production and strengthening the company’s commitment to […]
Cooperarea româno-belgiană în domeniul energiei nucleare continuă, în contextul semnării acordului de creare a Consorţiului Eagles, care reprezintă un angajament consolidat pentru o implementare mai durabilă a energiei nucleare în Europa, informează Ambasada României în Belgia. „La 16 iunie 2025 – a fost semnată crearea Consorţiului Eagles, o continuarea a Memorandumului de Cooperare semnat la […]
Energocom has been designated as the universal supplier of natural gas in the Republic of Moldova and the company has signed or is negotiating new bilateral contracts, such as the one with OMV Petrom for gas from the Neptun Deep perimeter, or with Nuclearelectrica, to participate in the construction of the new nuclear reactors at […]
Kazakhstan has taken its multi-vector foreign policy to a new level: in order to divide the atoms, Astana decided to split a tender, creating agreements to build two nuclear power plants, although previously only one had been authorized, writes OilPrice. With two powerful neighbors – Russia and China – aggressively competing for the contract to […]
Rețele Electrice România, part of PPC group of companies in Romania, launched on the electronic public procurement platform SEAP a public tender with an estimated value above 132 million lei (without VAT), for the acquisition of 24 kV prefabricated equipment for secondary substations, which will be used in investment projects carried out in the period […]
OMV Petrom and Israeli company NewMed Energy have agreed to drill a new well in the Han Asparuh offshore block in the Bulgarian Black Sea, after approving the exploration program and first drilling in March, according to the specialized press. The drilling of the Krum-1 well is expected to start after the completion of the […]
The Kazakhstan Nuclear Energy Agency announced on Saturday that the Russian group Rosatom has been appointed leader of the international consortium that will be responsible for building the first nuclear power plant in Kazakhstan, the world’s largest uranium producer, Kazinform agency reported, quoted by Agerpres. Other proposals came from the companies China National Nuclear Corporation, […]
In the margins of today’s Transport, Telecommunication and Energy Council, the European Commission and the Polish Presidency of the Council have launched the Energy Union Task Force. Comprising high-level representatives from the European Commission and Member States, the Task Force is aimed at fostering better cooperation and coordination on key energy policy issues. Outlined in the […]
The European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII), the United Kingdom’s development finance institution and impact investor, are providing a total of US$ 479.1 million to Obelisk Solar Power SAE, a special-purpose vehicle incorporated in and owned by Scatec ASA. This financing will support the development […]
The European Investment Bank (EIB) is pledging €1.6 billion to finance the construction of the Bay of Biscay electricity interconnection between Spain and France. The EIB financing for the Bay of Biscay project takes the form of loans to Spanish and French transmission-system operators Red Eléctrica and RTE Réseau de transport d’électricité. The parties signed […]
In 2015, the EU’s energy union strategy set out a bold vision to fundamentally transform our energy system. It envisioned a resilient energy union, with an ambitious climate policy, to deliver secure, sustainable, competitive and affordable energy for all Europeans. Over the past decade, there has been considerable progress, but important challenges remain. Under the […]
